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IMF urges stronger crypto regulation in Nigeria to

  • 10th June 2026

ALTON plans N1.86tn investment to boost network expansion

  • 10th June 2026

FG pledges stronger fiscal reporting, transparency after IMF

  • 10th June 2026

FG unveils $1bn AfCFTA credit facility to boost

  • 10th June 2026

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Business

ETF market rebounds despite dip in trading activity

Exchange-traded funds listed on the Nigerian Exchange recorded weaker trading activity in May 2026, with the total value of transactions declining to N3.67 billion from N3.71 billion in April. Data on NGX trading activity showed that total trading volume also slipped marginally month-on-month, falling to 25.92 million units from 26.90 million units, indicating a slight […]

Business

Legend Internet assures investors of future prospects despite H1 loss

Legend Internet Plc has reassured investors of stronger earnings prospects in the future despite reporting a pre-tax loss of N199.34 million for the six months ended January 31, 2026, as aggressive investments in network expansion, rising operating expenses and significantly higher financing costs weighed heavily on profitability. The broadband and digital services provider moved from […]

Mobile phones

Google launches fake call detector feature for Android users

Google has introduced a new security feature on Android capable of detecting and flagging suspected impersonation calls in real time, as the technology giant intensifies efforts to combat the rising threat of artificial intelligence-powered voice cloning scams that contributed to more than $400 billion in global losses last year. The new feature, known as fake […]

Business

Africa can unlock $469bn annually without raising taxes – AfDB

The African Development Bank has said Africa could generate more than $469 billion in additional annual revenue without raising statutory tax rates, stressing that stronger tax administration and improved compliance could significantly boost government earnings across the continent. This was disclosed by made by the Chief Economist and Vice-President for Economic Governance and Knowledge Management […]

Business

China Industrial Bank backs Nigeria’s telecom initiative to connect 20m people

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has announced fresh backing from the China Industrial Bank for the Nigeria Universal Communication Access Project, a programme designed to extend connectivity to more than 20 million Nigerians in underserved communities. Tijani disclosed the development in a post on X after meeting with a […]

Electricity

Vandals destroy six transmission towers, disrupt power supply nationwide

Power supply has been disrupted in parts of Nigeria following the destruction of six transmission towers along the critical Apir–Lafia 330kV line in Nasarawa State by vandals, the Transmission Company of Nigeria has said. The disclosure was made in a statement in Abuja on Wednesday by TCN’s General Manager, Public Affairs, Ndidi Mbah. According to […]

Business

YouTuber jailed for life after killing pregnant girlfriend

A YouTuber has been sentenced to life in prison with a minimum term of 31 years after murdering his pregnant girlfriend and falsely claiming he was live-streaming a video game to provide an alibi. Stephen McCullagh, 36, was found guilty by a jury at Belfast Crown Court, United Kingdom in March of killing 32-year-old Natalie […]

Business

US plans 12.5% tariffs on imports over forced labour concerns

The United States has proposed new tariffs of up to 12.5 per cent on imports from 60 economies over their alleged failure to ban goods produced with forced labour. The move, which would affect major trading partners including China, the European Union, and Japan, represents a broad escalation in trade enforcement. The determination, made under […]

Aviation

Delta saves $135m in fuel costs as next-gen aircraft boosts efficiency

Investments in next-generation aircraft, sustainable aviation fuel, and advanced operational technologies enabled Delta Air Lines to save over 59 million gallons of jet fuel valued at more than $135 million in 2025. Details from Delta Air Lines’ 2025 Difference Report, show that the carrier continues to record strong gains from its fleet modernisation programme, sustainability […]

Business

Tinubu reforms push manufacturers’ energy costs to N1.34tn – MAN

The Manufacturers Association of Nigeria has stated that economic reforms introduced under President Bola Tinubu’s administration have sharply raised production costs for manufacturers, with spending on alternative energy rising to N1.34tn in 2025 and further weakening industrial performance. While acknowledging that the reforms have established a base for long-term economic restructuring, the association called on […]

Banking

Abbey Mortgage Bank gets CBN’s approval for commercial banking expansion

Abbey Mortgage Bank Plc, one of Nigeria’s oldest primary mortgage institutions, has received approval from the Central Bank of Nigeria to transition into a commercial bank. The bank, however, is expected to begin full commercial banking operations in the fourth quarter of 2026. The approval represents a significant strategic milestone for the institution, enabling it […]

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